Ameritas Advisory Services LLC Cuts Stock Position in ONEOK, Inc. $OKE

Ameritas Advisory Services LLC lowered its stake in ONEOK, Inc. (NYSE:OKE) by 68.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,690 shares of the utilities provider’s stock after selling 23,354 shares during the period. Ameritas Advisory Services LLC’s holdings in ONEOK were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Pension Service raised its stake in shares of ONEOK by 2.9% during the third quarter. National Pension Service now owns 857,949 shares of the utilities provider’s stock valued at $62,605,000 after acquiring an additional 24,003 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its stake in shares of ONEOK by 34.1% during the third quarter. Hudson Edge Investment Partners Inc. now owns 87,667 shares of the utilities provider’s stock valued at $6,397,000 after acquiring an additional 22,282 shares in the last quarter. Legal & General Group Plc raised its stake in shares of ONEOK by 1.6% during the third quarter. Legal & General Group Plc now owns 5,218,376 shares of the utilities provider’s stock valued at $380,785,000 after acquiring an additional 80,683 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of ONEOK by 29.6% during the third quarter. Jones Financial Companies Lllp now owns 534,285 shares of the utilities provider’s stock valued at $39,401,000 after acquiring an additional 121,891 shares in the last quarter. Finally, Capital Management Corp VA raised its stake in shares of ONEOK by 49.2% during the third quarter. Capital Management Corp VA now owns 228,882 shares of the utilities provider’s stock valued at $16,702,000 after acquiring an additional 75,450 shares in the last quarter. Hedge funds and other institutional investors own 69.13% of the company’s stock.

ONEOK Price Performance

NYSE OKE opened at $92.31 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.71 and a quick ratio of 0.56. The stock’s fifty day moving average price is $87.77 and its 200 day moving average price is $79.58. ONEOK, Inc. has a 1 year low of $64.02 and a 1 year high of $95.30. The company has a market cap of $58.16 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 6.64 and a beta of 0.78.

ONEOK (NYSE:OKE) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.07). ONEOK had a net margin of 10.03% and a return on equity of 16.06%. The firm had revenue of $9.62 billion during the quarter, compared to analyst estimates of $8.23 billion. During the same period in the previous year, the company earned $1.04 earnings per share. ONEOK has set its FY 2026 guidance at 5.530-5.530 EPS. As a group, equities research analysts forecast that ONEOK, Inc. will post 5.73 earnings per share for the current year.

ONEOK Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, May 4th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 4th. ONEOK’s dividend payout ratio is presently 76.29%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OKE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ONEOK in a research note on Monday, May 4th. Wolfe Research downgraded shares of ONEOK from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, February 25th. Mizuho set a $89.00 price target on shares of ONEOK in a research note on Monday, February 23rd. Freedom Capital raised shares of ONEOK from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, TD Cowen boosted their price objective on shares of ONEOK from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, ONEOK presently has an average rating of “Hold” and a consensus target price of $91.88.

About ONEOK

ONEOK, Inc (NYSE: OKE) is a publicly traded midstream energy company headquartered in Tulsa, Oklahoma. The company owns and operates a portfolio of natural gas and natural gas liquids (NGL) pipelines, processing facilities, fractionators and storage and terminal assets. Its operations are focused on gathering, processing, transporting, fractionating and marketing NGLs and interstate natural gas, providing critical infrastructure that connects hydrocarbon production to refineries, petrochemical plants and other end markets.

ONEOK’s asset base includes pipeline systems and processing plants that move and condition natural gas, along with infrastructure for the transportation, storage and fractionation of NGLs such as ethane, propane and butane.